I am acquiring property in Wokingham. My Conveyancer has never been on on the mortgage company solicitor panel. Am I still permitted to use my Wokingham conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
You will need to have a solicitor to deal with the legal work required when you require a loan to purchase your property. The lawyer will carry out all the relevant legal checks on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage documentation is dealt with. You could select a Wokingham solicitor of your choice. Nevertheless, where the solicitor selected is not on the mortgage company conveyancing panel additional fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so where your conveyancer has not in the past applied for membership they should do so.
Is there a reason why leasehold purchase conveyancing in Wokingham costs more?
Wokingham leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Just had an offer accepted on a new build apartment in Wokingham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Wokingham
Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Given that I am about to part with hundreds of thousands of pounds on a house in Wokingham I wish to have a conversation with the conveyancer concerning thetransaction prior to instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your conveyancing in Wokingham.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Wokingham should be the figure that you are charged.
The estate agent has suggested using their solicitor for the conveyancing in Wokingham - won’t it be better to just instruct them?
This is not necessarily the case and you are entitled to opt for whichever solicitor you decide for your Wokingham conveyancing. A solicitor put forward by a 3rd party adviser may not always be the best conveyancing practitioner, they may recommend their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.